A product has demand given by Q = 30 – 2P, where P here means buyer price of course. Supply is given by Q = P, where P is seller price here. First, with no tax in this market, find equilibrium price and quantity. Next, suppose that an excise tax of $3 is imposed on the sellers for each unitthey sell. In this case, determine the equilibrium buyer and seller prices and market quantity. How is the tax shared between buyers and sellers?

Plz solve all parts, i vll definitely upvote

Figure 8-2 T₂ C Price T₁ 7 L a. X .b. YX U C. X + Y d. Z Figure 8-2 X W 9₂2 V Y T 91 Supply Refer to Figure 8-2. Suppose a tax of T1 is imposed in this market. Which area represents the deadweight loss of tax? Demand Quantity

Consider a market where supply and demand curves are given by Q = 4P and Q = 12 - 2P. Calculate the equilibrium price and quantity in this market. Now consider a government that collects a unit tax of 0.2 liras for every unit of good sold in the market from the producers. What is the new supply curve? What is the new market equilibrium quantity? What is the price that consumers pay? What is the price producers get? What is the tax incidence on consumers? producers?

7.8 please explain. the question 7.7 is provided in the screenshot as well

What is the buyers’ share of the burden of the tax _______?

Only typed answer

7.7 pleaase explain

If there is a $3 tax, what is the equilibrium price buyers pay, the price sellers receive,  and the quantity?  If there is a $3 tax, what is the CS, PS, tax revenue, TS, and deadweight loss? Include  graph!

A specific tax will be imposed on a good. The supply and demand curves for the good are shown in the diagram below. Given this information, the burden of the tax: Price ($ per unit of output) Supply Demand Output O A) falls mostly on consumers. B) falls mostly on producers.